Income Plummeted 20 Million Euros Brioni Men'S Mandatory Layoffs 140 People

According to the latest news from Milan, after 10 hours' meeting, Italy men's wear brand Brioni agreed with the trade union to agree to reduce the area of the bru o

The factory has 140 full-time employees.

According to the company spokesman, Brioni will provide 32000 euros ($36435) as compensation for voluntary turnover.

Brioni is looking for a balance between its workforce and productivity. According to relevant information, the brand's productivity has declined dramatically over the past few years.

In addition, the working hours of all employees will be adjusted from 40 hours to 32 hours.

This will reduce the number of Brioni workers below the originally anticipated employment rate. The Union's earlier request was to lay off about 400 employees.

If fewer than 140 full-time employees voluntarily resign, Brioni will have to make mandatory layoffs.

At present, Brioni produces about 30 thousand units annually, and the company hopes to increase its output to 33000 from 2018.

Brioni announced the layoffs in early March this year.

A spokesman told WWD at the time that this is related to the sustainable development of business.

When the group was bought in 2012, the imbalance between employee positions and company output was very obvious.

He explained that in 2008

After that, customer needs have changed.

They are more concerned about different fashion areas, such as casual clothes and sportswear.

A Milan analyst said that last year, Brioni revenue fell to 20 million euros (22 million 200 thousand US dollars) to 190 million euros (about 211 million U.S. dollars), mainly due to the decline in the wholesale level, and claimed that the company was operating at a loss before the interest rate tax.

In February of this year, Brioni split up with creative director Brendan Mullane. Last month, she appointed MyTheresa OShea, former buyer's director of Justin, as her successor.

Bottega Veneta executive Gianluca Flore in 2014

Take over the position of Brioni CEO.

Flore succeeded Francesco Pesci, who has been in charge of the company for nearly 15 years.